To see the benefits of globalization, one need not look farther than Dublin itself. From a business perspective, globalization is what has allows largely for Dublin’s massive growth. Without American multinationals in the docklands, there would be a shocking amount of empty space in the area. Furthermore, without globalization, Ireland would never have been able to skip directly over the industrial age to the post-industrial age, as they would have been without the technical know-how for such a feat. This ties in nicely to one of globalization’s other benefits: ending poverty. Globalization and capitalism together have brought over one billion people out of poverty; that number is frankly unbelievable. On the other hand, globalization also contributes to job losses in the most developed parts of the world due to outsourcing, though I would argue that jobs that can be outsourced would one day be automated anyways.
So, with globalization producing so many economic benefits with only a few major downsides, what are the arguments against it? To understand, we must look to culture, where globalization can often dilute and confuse. Globalization naturally leads to less sovereign states, and it can be argued whether or not this is good or bad, but there are objectively drawbacks on national power if a country is to globalize. For instance, Ireland must comply entirely with EU regulations regardless of whether or not the majority of the Irish agree with any given regulation. Globalization also muddies cultural boundaries, which can give us wonderful things such as Tex-Mex food, or terrible things such as the extermination of entire cultural customs.